What happened to the Chinese guy who invented the "U disk" and earned billions now after his patent expired?

In the 21st century, economy, technology, etc. are developing rapidly. We can also see that many things in society are constantly improving, and those who have not kept up with the times will eventually be eliminated. disuse. It has to be said that human society in the 21st century has reached an unprecedented peak. To describe it in one word, it is fast. Our Internet speeds are getting faster and faster, and our travels are getting faster and faster. Human beings have never stopped on the road to forward development. On this road of forward development, there will be many who have not kept up. For example, in the past we all liked to shop in physical stores, but now the development of e-commerce platforms allows each of us to buy what we want just by surfing the Internet at home. This has caused a great impact on some real economies. impact. What we are going to talk about today is about the elimination of science and technology. That is the Chinese guy who invented the USB flash drive and earned more than one billion. But after the USB flash drive patent expired, what happened now?

The Chinese guys who invented the USB flash drive are two young people named Deng Fushun and Chen Xiaohua. They are both from Hunan. They lived together in Shenzhen when they went out to work in 1999. . It was in a small room like Shenzhen that they created an invention that shocked the world at that time - USB flash drive.

At the end of the 20th century, the Internet was not as developed as it is now, and the reserve space was not as large and convenient as it is now. At that time, the most important way to store information was to use floppy disks to store information. However, the amount of information stored in floppy disks was limited and needed to be constantly updated. Even so, all parts of the world still have to choose this difficult storage method, but the USB flash drive invented by those two guys broke this situation. After the USB flash drive was invented, the two took this invention to participate in the China International High-tech Achievements Fair. This was the first processing method in the world that was more efficient than floppy disk storage, so they also obtained a patent for USB flash drives in 1999.

After obtaining the patent, the two young men wanted to continue development, so they and their partner Shen Wenyuan founded Langke Technology Co., Ltd. And at that time, the state also strongly supported Netac Technology Co., Ltd. Since then, this company has been committed to the field of mobile storage and wireless communications. In the years when USB flash drives were very popular, Netac Technology's development prospects were very good. In 2003, Netac Technology Co., Ltd. also discovered that Sony and other companies had infringed on their USB flash drive patents, so they took Sony and other companies to court and succeeded.

But in 2013, after several years of rapid development, Netac Technology began to go downhill, so they decided to spend 200 million to build the Netac Building in Shenzhen. At that time, their company's main sources of income were USB flash drive patent fees and rental fees for the Netac Building. It can be said that the real turnover of Netac Technology Co., Ltd. was very limited. Now in 2020, the Netac Building can still be rented, but the patent for the USB flash drive expired on November 14, 2019. In other words, Netac Technology Co., Ltd. can no longer rely on the USB flash drive patent to obtain fees. With the development of the current era, USB flash drives have gradually withdrawn from people's vision.

However, Netac Technology Co., Ltd. is still in operation. Their management also stated that they will strengthen the company's innovation and technological capabilities and strive to create another glory in the future. What do you think about this?